Question
Presented below is the operating activities section of the statement of cash flows for Bruin Consulting for the financial year ended 30 June 2014: Operating
Presented below is the operating activities section of the statement of cash flows for Bruin Consulting for the financial year ended 30 June 2014:
Operating activities:
Total comprehensive income$120 000
Add:Depreciation10 000
Decrease in accounts receivable5 000
$135 000
Deduct:Decrease in accounts payable(15 000)
Net cash inflow from operating activities$120 000
Which method of preparing the operating activities section has Bruin Consulting used?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
